Arbitrage Rebate definition

Arbitrage Rebate means a payment made by an Issuer, or “obligated party” such as a conduit borrower, to the federal government in connection with an issue of Tax-Exempt or other federally tax- advantaged Securities. The payment represents the amount, if any, of investment earnings that exceed the yield on the Securities, except for earnings that are not required to be rebated under limited exemptions provided under the IRC.
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Arbitrage Rebate means any profit gained from investing bond proceeds at a yield above the bond yield will be returned to the Federal Government. The arbitrage earning limit for this Project is «arbitrage_rate»%.
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Examples of Arbitrage Rebate in a sentence

  • For rebating arbitrage (or paying a penalty in lieu of arbitrage rebate) to the federal government, use Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate.

  • EXHIBIT 6 Bank Qualification And Arbitrage Rebate U.S. Bancorp Government Leasing and Finance, Inc.

Related to Arbitrage Rebate

  • Rebate shall have the same meaning as ascribed thereto in Article 10.3.4 of this Agreement;

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